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Pacific Century Group says Richard Li to maintain control of FWD amid stake sale rumours - reports
February 19 2024
Parent company issued statement expressing Li's confidence in long-term development, but declined to comment on speculation regarding a stake sale.
Howden CEO says commercial rates should flatten this year - report
February 19 2024
In an interview with the FT, David Howden predicts increase in (re)insurance capacity and end to a 25-quarter hard market.
APRA introduces standardised terminology for large exposure reporting
February 19 2024
Standardised counterparty and exposure description lists aim to improve data quality and comparability.
India's Policybazaar eyes reinsurance market following licence upgrade
February 19 2024
In-principle approval for Composite Insurance Broker license signals a strategic move into reinsurance.
QBE Insurance’s profit more than doubles on strong premium growth
February 16 2024
Despite challenges from inflation and catastrophe claims, QBE reports a significant profit increase and optimistic underwriting outlook for 2024.
Japan P&I Club withdraws Red Sea war cover
February 16 2024
Association said it issued a notice of cancellation after its reinsurers decided to terminate support for war risks.
Insurance Council of Australia labels Victoria's Valentine's Day storms a 'Significant Event'
February 16 2024
Storms left half a million without power and have led to nearly 10,000 claims so far.
PERILS: Cyclone Gabrielle's final insurance loss estimate at NZ$2.17bn
February 16 2024
Industry loss estimate increases to NZD 2.174bn (US$1.33bn); contributing to record NZ$4.4bn in losses when combined with Auckland Anniversary Weekend Floods.
IRDAI's new draft regulations look to reduce compliance burden while increasing policyholder protection
February 15 2024
Latest draft regulations propose impactful industry changes, including longer 'free-look' period and relaxation of approval to open foreign branches.
APRA Chair highlights importance of insurance affordability and accessibility amid rising risks
February 15 2024
John Lonsdale was speaking to the Senate Economics Legislation Committee about APRA's interim supervision and policy priorities.
Tasmania maintains 'insurance tax' as Fire Services Levy reform put on ice
February 14 2024
Fire Services Levy reform hits standstill, leaving state as Australia's last to tax insurance for emergency services funding.
PERILS pegs initial loss estimate of Australia's 2023 Christmas Storms at AU$1.4bn
February 14 2024
PERILS's first insurance loss estimate, for storms, that hit QLD, VIC, and NSW between 23 and 29 Dec, is AU$1.4bn (US$900m).
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